Greek Billionaire And Coca-Cola Heir, Alkiviades David, 50, Arrested In The Caribbean Over Heavy Cannabis Possession

News by Joey Jordan Published on 14 May,2019 Updated on 14 May,2019

Coca-Cola Heir And Billionaire Alki David Arrested Over Cannabis Possession In The Caribbean

  • Billionaire Alki David was arrested over controlled drug possession in the Caribbean on Monday, 13th May.
  • David was reportedly carrying 5,000 cannabis plants in his private jet which was found by Anti-Narcotics Unit at the Robert L. Bradshaw International Airport.
  • He said he was carrying that much of plants, which he described to be "pure hemp" as he is starting a legal cannabis business in that region.
  • He was released later Monday after posting $30,000 cash bail and was scheduled to appear in the court on Tuesday, 14th May.

Alkiviades David, a Greek billionaire, and heir to the Coca-Cola was arrested on the Caribbean island of St. Kitts after more than $1.3 million worth cannabis were found in his private jet.

David, 50, was reportedly carrying approx. 5,000 cannabis plants in the aircraft in addition to seeds and a variety of other cannabis product and was arrested by the Anti-Narcotics Unit at the Robert L. Bradshaw International Airport.

CAPTION: Alki David was arrested in St. Kitts for possessing a heavy amount of cannabis SOURCE: The India Times-Post

He has been indicted on possession, and intent to supply the controlled drugs and importation of a controlled drug into the federation, reported St. Kits and Nevis officials.

Meanwhile, David claimed the plants were pure "hemp," and he was taking them to the region as they were about to start a legal cannabis business there, however, the officers disagreed and took him into the custody.

Back in April, David and Chase Ergen, the heir to the satellite fortune announced that they formed a consortium intending to develop the cannabis business in Eastern Caribbean nations including Dominica, Antigua, and St. Kitts and Nevis.

CAPTION: Coca-Cola heir and billionaire Alki David arrested in the Caribbean SOURCE: Daily Mail

David, an heir of the Leventis-David Group which holds the majority share in Coca-Cola Helenic, is independently worth more than $2.8 billion. He resides on the Isle of man.

David was released later Monday after paying $30,000 cash bail. Further, he is scheduled to appear in Basseterre Magistrate Court on Tuesday, May 14.